Tourism stories
Rental shortages are forcing some first-home buyers to purchase sooner, as Waikato’s population growth and housing demand outstrip supply.
Affordable Southland is drawing first home buyers and investors, with Invercargill’s median house price hitting a record NZD $488,000 in August.
Industrial rents are being pushed higher by record-low vacancy, as office and retail markets in Auckland, Wellington and Christchurch tighten.
Public access to near real-time snow data should help alpine operators, rescuers and tourists plan for New Zealand winters.
Insurance firm Tower Insurance appoints Greg Moore, a veteran with over 20 years of experience, as chief digital and data officer.
Kiwi architects and builders could gain work as the island's new runway opens direct flights, boosting trade and tourism links.
Falling unoccupied stock and pandemic demand are making holiday homes harder to buy, though some coastal spots still fall below GBP £500,000.
Auckland’s central city is set to benefit from the $5b City Rail Link, with property values, investment and demand for quality offices holding up.
Nationwide property values rose 0.8% in September as low rates and scarce listings kept demand firm despite the economic downturn.
Rents are falling in Queenstown and other pockets, but most areas are still posting gains as the recession deepens and job losses loom.
Managed isolation and domestic travel have helped New Zealand hotels recover faster than expected, with occupancy rising sharply in key regions.
Property values have already slipped nationwide, with tourism-dependent centres like Queenstown hardest hit as the recession starts to bite.
Public buildings face tighter access controls as coronavirus drives demand for safer, greener entrance systems across Australia and New Zealand.
New Zealand’s wage subsidy extension and infrastructure spending are meant to blunt soaring unemployment as the economy heads into recession.
Small firms face months of cashflow pain as the wages subsidy runs thin and landlords and utilities keep billing during lockdown.
Remote work, home schooling and digital healthcare could outlast the pandemic, reshaping cities, travel and emissions for years to come.
Lockdown has forced Invercargill Central to push back its planned opening, complicating talks with Farmers and bank financing for the project.
Bond markets and prolonged virus disruption could strain weaker firms, with airlines, shipping and non-food retail facing the biggest risk.
Spammers are phishing eager holidaymakers with travel, themed lures, according to new research from Bitdefender Antispam Lab.
Entrust has announced its expansion to the travel industry with its Seamless Travel Solution, a fully-digital travel service.
